I see those spaces now as well Jay.And yet in Los Angeles I see vacant space everywhere, including large buildings and warehouses, perfect places for a poolroom. One day "supply and demand" will start bringing the rental prices down. Who wants to own a building sitting vacant for years. One of the properties I'm invested in lost their anchor tenant last April. The space is vacant and of course the income on that property is way down, by almost two thirds. I'm a minor owner so I have no say in how the property is managed, but I made suggestions to the major partner about what to do but all I can do is sit back and wait. C'est la vie. You gotta save up for a rainy day!
What scares me about opening a room in LA is there’s no pool culture left. Pools been pretty much gone for 25-30 years. Who’s got time to build up a pool culture like Sacramento has?
I think a well fitted room in LA these days would largely sit empty, unless you had a bar going and that a whole nother kettle of fish I don’t want to bother with.
Then factor in the California BS and taxes, liability etc. All I see is a bunch of frivolous las suits and no income to defend them.
Which is why I’m not leasing any space and starting a room. Which brings this idea of empty space full circle, I bet there’s lots of capable biz men in other businesses which aren’t making a move for similar reasons and the buildings shall stay empty.
Which is why I’m leaving LA forever. It’s all over with for me there. I should have left in 2015 or 2016.
Best
Fatboy <———on to bigger and better things. But still here

